United States News

PartnerRe To Acquire PARIS RE; Best Sees no Rating Change

Bermuda-based PartnerRe announced that it has entered into definitive agreements to acquire PARIS RE, a French-listed, Swiss-based diversified reinsurer. PartnerRe will exchange 0.30 of its common shares for each PARIS RE common share outstanding in a stock-for-stock transaction. The announcement …

At U.S. Dirt Race Tracks, Money Goes Into Cars, Not Insurance

The last thing short-track driver Tim McCreadie remembers, he was leading in the semifinal qualifier at the Chili Bowl in Tulsa, Okla. When he awoke, he had two problems. His back was broken and he didn’t have health insurance. “It …

Business Moves

TWFG General Agency, Universal North America, Lincoln General The Woodlands, Texas-based TWFG General Agency has entered into an agreement with Universal North America Insurance Co. to offer renewal policies to Lincoln General Insurance Co.’s Texas policyholders. Lincoln General’s current in-force …

IIAT Installs New Leadership, Names Award-Winners

At the recent Independent Insurance Agents of Texas (IIAT) 112th Annual Trade Show & Conference in San Antonio, the group installed new officers and directors, and presented membership service awards. Bryan Shofner, president of Shofner & Associates Insurance Agency Inc., …

People

Houston-based insurance agency Bowen, Miclette & Britt named Dan Persha director of environmental risk management. With 30 years of commercial insurance brokerage experience, Persha specializes in heavy casualty, energy and environmental services placements. Persha holds Certified Insurance Counselor and Certified …

Business Moves

Wells Fargo Insurance Services, Grady & Associates Wells Fargo Insurance Services Inc. signed a definitive agreement to acquire Grady & Associates, a retail broker in Las Vegas. The acquisition closed June 1, 2009, and terms of the transaction were not …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Fire & Water Restoration Contractors Market Detail: USAssure Insurance Services Inc. offers a fire and …

Cyber Security: Global Risk and Rising Complexity

Multinationals are fighting a battle on two fronts when it comes to cyber security as they seek to fend off new, emerging security threats and also comply with evolving global regulations. These emerging security threats include the risk of attacks …

Safe and Sound

Making the Connection for Contractors Contractors with a sharp eye for their bottom line are smart to place a premium on safety. Insurance agents and brokers tend to know a construction business that avoids injuries is not only applying safe …

Starr Indemnity Makes Three Executive Appointments

New York-based Starr Indemnity & Liability Co. has made three executive appointments. Jim Vendetti has been named senior vice president & chief underwriting officer. He will oversee building and managing all underwriting units, including property, casualty, financial lines, environmental, crisis …